AMBO Agritec IPO vs Droneacharya Aerial IPO

Comparison between AMBO Agritec IPO and Droneacharya Aerial IPO.

IPO Details

AMBO Agritec IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of AMBO Agritec IPO is up to ₹9.68 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of AMBO Agritec IPO is ₹30.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.

 AMBO Agritec IPODroneacharya Aerial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹30.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size32,28,000 shares59,74,000 shares
Fresh Issue Size (Amount)up to ₹9.68 Crup to ₹32.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,28,000 shares59,74,000 shares
Issue Size Total (Amount)up to ₹9.68 Crup to ₹32.26 Cr

IPO Timetable

AMBO Agritec IPO opens on Nov 21, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of AMBO Agritec IPO and Droneacharya Aerial IPO is Nov 24, 2022, and Dec 15, 2022, respectively.

 AMBO Agritec IPODroneacharya Aerial IPO
Anchor Bid DateDec 12, 2022
Issue OpenNov 21, 2022Dec 13, 2022
Issue CloseNov 24, 2022Dec 15, 2022
Basis Of Allotment (Tentative)Nov 29, 2022Dec 20, 2022
Initiation of Refunds (Tentative)Nov 30, 2022Dec 21, 2022
Credit of Share (Tentative)Dec 01, 2022Dec 22, 2022
Listing date (Tentative)Dec 02, 2022Dec 23, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

AMBO Agritec IPO P/E ratio is 14.22, as compared to Droneacharya Aerial IPO P/E ratio of 45.

 AMBO Agritec IPODroneacharya Aerial IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets26.3025.5422.1221.14
Total Income16.2194.8647.1774.28
Profit After Tax0.501.190.190.32
NET Worth4.203.712.522.32
Reserves and Surplus2.461.960.770.58
Total Borrowing3.794.073.812.43
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets34.0315.471.190.03
Total Income3.093.590.010.00
Profit After Tax0.720.41-0.15-0.02
NET Worth33.5814.481.040.01
Reserves and Surplus0.000.000.000.00
Total Borrowing0.010.460.010.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.9638.23
Promoter Shareholding (Post-Issue)60.6028.21
P/E Ratio14.2245
Market Cap₹28.19 Cr.₹129.54 Cr.
ROE36.86
ROCE36
Debt/Equity3.18
EPS₹3.41₹0.35
RoNW32.162.8

Shares Offered

In the AMBO Agritec IPO Retail Individual Investors (RII) are offered 16,16,000 shares while in Droneacharya Aerial IPO retail investors are offered 16,16,000 shares. Qualified Institutional Buyers (QIB) are offered in AMBO Agritec IPO and 11,94,000 shares in Droneacharya Aerial IPO.

 AMBO Agritec IPODroneacharya Aerial IPO
Anchor Investor Reservation17,90,000 shares
Market Maker Reservation1,72,000 shares3,16,000 shares
QIB11,94,000 shares
NII16,12,000 shares8,98,000 shares
RII16,16,000 shares20,92,000 shares
Employee
Others
Total32,28,000 shares59,74,000 shares

Bids Received (Subscription)

AMBO Agritec IPO subscribed 336.75x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.

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AMBO Agritec IPO Vs Droneacharya Aerial IPO